European consolidation continues; Lufthansa to take over Brussels Airlines

Lufthansa will take over Brussels Airlines, the carriers announced yesterday, in a deal that potentially values the Belgian carrier at €250 million ($355.6 million) and could pave the way for its entry into Star Alliance.
In a first step, LH will take a 45% "strategic" stake in Brussels Airlines parent SN Airholding for €65 million. It will have the option of acquiring the remaining 55% from 2011. It was agreed yesterday that the total price of the acquisition will not exceed ...

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